Drive Financial - Santander Consumer USA SCAM! TAKES MONEY OUT OF MY ACCOUNT! Dallas Texas
Surprise surprise! After I googled the drive financial address I come across this site. I have been very displeased ever since I financed a car from this company. If I call to make a payment then they take the payment and then authorize the account for another $1.01. What is the point of that? They are taking more money from me for no reason. When I called to ask why they couldn't explain. I would not give them access to your account if I were u! PAY BY CHECK OR MONEY ORDER ONLY! And forget about talking to someone who can help you when you call because the only thing you will get is people who all tell you different things about your account. I have made several payments (13)and haven't noticed my balance drop much at all but they don't explain that on their bill either!
Walwalmimi
chandler, Texas
U.S.A.
1 Updates & Rebuttals
Flynrider
Phoeix,Arizona,
U.S.A.
Loan balance
#2Consumer Comment
Fri, June 12, 2009
You can find out for yourself how much the loan balance should go down. The payments on loans (particularly high interest loans from places like Drive Time) tend to go mostly to interest in the early part of the loan. Google a loan calculator and enter your loan amount, interest rate and term. Most loan calculators will show you an amortization table that tells you how much of each month's payment goes to prinicple and interest.